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to washington, d.c. and the sea spirit of the holiday season amidst all of the chaos was not lost on him. >> we may cast aside for this night at least the dangers which beset us and make all of children an evening of happiness in a world of storm. >> sean: churchill would stay with president roosevelt for three weeks addressing a joint session of congress and going to church with the president. the remarkable period just a small part of a best sell ising book the last lion. it is the third volume of the churchill biography started by william manchester and completed by paul reid who joins me now. a remarkable man, churchill. one of the remarkable figures in history. before we get to this moment, how long was he an outcast and viewed as an extremist in great britain? >> pretty much h his whole political life. >> sean: before and after his time as prime minister? >> absolutely. early in the century he had switched from the conservative party to the liberal party and as he said later i ratted which is their way i saying they switched parties and then reratted and came back to the torries who never
to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down right now. down 1.25%. the technology sector is taking a bigger hit today. down to 3,012 on the nasdaq and the s&p 500 index is down 1% at 1428. . >> house speaker john boehner says he's still open to a offer from the democrats. >> it was a dramatic evening last night. john harwood was there. he has the latest on the on talks. are there any talks, john? >> i think so. but they're pretty muted. this bill was not win of those weeks that makes washington look good. come to think of it, there aren't many weeks that make washington look good. but this was especially especially difficult because you had negotiations getting close
out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentially a $1.3 trillion in new revenues for only $853 billion in net spending reductions that is not balanced in my opinion. rich: there are substantial differences. the speaker is willing to allow a rate hike on those earning less than, excuse me, more than 1 million. speaker boehner wants a $1 trillion in spe
house correspondent dan lothian joins us live from washington this morning. very nice to see you, dan. >> good to see you. >> here's the deal. we have republicans pitted against democrats. now we understand there are issues amongst republicans as well. >> that's right. they're in a tough spot here. they don't want to be in left in a position of being blamed for the fiscal cliff. you're seeing a division between house members and senate members. the reason for this is mainly over the 800 billion in new tax revenue. this was part of john boehner and plan. those tea party-backed conservatives say this is something that would help job growth. clearly what we're seeing here is republicans are not speaking with one voice. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves and treating the president's proposal like it's serious. >> we do agree that 8% of the american people are getting about 80% of this tax cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zo
in washington today. a little bit of news that came from an unexpected source. bob woodward got his hands on an audio recording of the top commanding general in afghanistan meeting off the record with a fox news analyst. the meeting took place last spring. it was general david petraeus who was at the time commander of all u.s. forces in the war in afghanistan. and on the tape, fox news analyst says that she was asked by her boss, by the chairman of fox news to pass along some very specific advice for general petraeus. >> if you're offered chairman, take it. if you're offered anything else, don't take it. resign in six months and run for president. okay? and i know you're not running for president, but at some point when you go to new york next, you may want to just chat with roger. i just say what i have suggested and that we've discussed is next time you go to new york you're going to stop by and see him? >> yeah. i'd be happy. i haven't seen him in awhile. he's a brilliant guy. >> he's simply brilliant. >> he is. tell him if i ever ran, but i won't. but if i ever ran, i'd take him up on
business senior washington correspondent with the very latest details. how close will this be? >> the vote on that tax bill, the one that would raise taxes on people making more than million dollars a year, they are still working on getting the republican leader, the speaker still working on getting enough votes to get that to pass later tonight. we expect that around 8:00. as one price for votes, right now than house republicans have also got a bill on the floor which would impose new spending cuts. what it would be technically is it would replace the sequester, get rid of those big cuts in defense spending. replace that with about $300 billion in new spending cuts over ten years. some republicans want to be able to say they voted for spending cuts before they even consider voting for a tax increase. they're debating the right now on the floor, the spending cut bill. take a listen. >> we don't just have a fiscal clef. we have of fiscal abyss in front of us, and that is at debt crisis that is on our horizon. failure to address this debt crisis means not just 47 percent of americans, but ev
in michigan and in washington, d.c. with the author of "shadow bosses: how government. employee unions control america and rob taxpayers blind." mallory factor joins us. also tonight, egypt's president, muhammad morsi, ordering the egyptian military to arrest people in the street even as he claimed to have rescinded the dictatorial powers he assumed which have spurred violent demonstrations. and a new intelligence report concludes that america's time as the lone superpower is nearing an end. former director of national intelligence john negro panty joins us to talk about our future as a superpower and the challenges that we'll surely face. we begin tonight with one of the few scheduling misadventures of president obama's swire tenure in -- entire tenure in office. the president speaking to autoworkers outside detroit today, a day before governor snyder will sign michigan's newly-passed right-to-work law into effect. the president standing firmly with the unions that worked hard to get him reelected. >> what we shouldn't do, i just gotta say this, what we shouldn't be doing is try to take away
. >> and in washington, the nra breaks it's silence. the kudlow report starts now. >> all right let's go to john harwitt first in dc. i think i agree with what you were saying first. >>> he moved to plan b and the hope that further negotiations could produce progress. >> our plan b would protect american taxpayers who make $1 million or less and have their current rates extended. i continue to have hope. that would reduce spending as well as revenues on the table. >> but of course the democrats in the senate. didn't see plan b as a step forward. harry reid came out and said, john boehner is walking away from the nenegotiations. >> every time we get down to something from the long-term financial think for this country. they do the charlie brown thing, they jerk the ball away. and this is what is going on. >> the posturing conceals the process that we are not aware of. but i talked to a budget aid that said, he thinks things are getting worse in terms for prospects of a deal. >> by the way, my contacts have said the same thing. you thank you very, very much. all of this may be defying predictions. it is a
washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people.
in washington for jpmorgan chase. the probe covers $5.8 billion in losses. it is caused by the london whale, a trader that got a reputation for big bats with complex financial investments. the wide net that the subcommittee appears to be casting will not necessarily lead to any formal charges against the bank, any formal hearings on the trading losses or any scathing reports. senator carl levin, the chairman of this subcommittee, criticized the bank in may when it announced this law saying it "made a very big and complicated that that now has gone very wrong." he is now one of the sentence leading critics of wall street. they did not comment on our story today. if a probe generates any substantive results, that could mean war headaches for ceo jamie dimon. it has been investigated whether -- that issue as well as the bank's internal controls oversight of traders and other matters could be among the subjects of the subcommittee's probe. melissa: peter barnes, thank you so much. lori: breaking news out of egypt. thousands of protesters ready to march on the palace to protest president morsy.
closing in the red. investors spooked by bad housing data and all that nonsense in washington. dow closing down almost 99 points. another rough day for gold. a rise in homebuilder confidence driving investors away for a two-session loss of nearly 2%. right now gold is hovering around $1670 an ounce. oil futures for a fourth straight session of gains, crude oil for january delivery gained 1.8% to settle at $89.51 a barrel. >>> all right. we're going to start tonight with a special holiday treat. it's the week before christmas and all through the house, lawmakers are frantic and starting to grouse. not from the cliff, though they do say they care, but from more and more bailouts which could soon fill the air. gm has been saved, they are snug in their beds, but images of fema, fha and the post office now entering our heads. all right, enough holiday poems, can't take anymore. go straight to tonight's game. who gets bailout booty and who gets the coal in their stocking? joining me now to help santa make out his list, brian wesbury no i know enjoyed my little poem. first trust advisors. >> i lo
what i understand in washington, the president is saying what is critical is that republicans have to stop being inflection i believe by protecting the top two percent and sacrificing the rest of us. and if they do something about taxes on the very rich we can then talk about what spending cuts will be put in place. >> david. >> it's not fair and it's not intellectually honest, juan, my friend, to say the top two percent are harming the rest of the country because of their tax rate. they are already paying the highest rate. >> what? >> they are paying more than their fair share, and i repeat, i repeat, this is not an issue that's going to resolve the debt issue. it won't make a debt in it. >> wait, david. that's a distortion. david, that's a distortion torsion. >> no, it's not. >> nobody said and sean rightly pointed out the taxes that will be imposed on the top two percent would only pay for government spending for eight days or so. >> that's right. >> that's right. >> the reality is what you have to say is everybody is making a contribution to reduce the size of the debt, and tha
't but i suspect we'll have some last minute, slap dash, terrible washington style deal that won't do anything. this fiscal cliff doesn't solve our long-term debt propses. lou: breaking with the practice and policies of washington over the course of the past 50 years. stephen hayes, thank you very much. judith miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. has t. >> wall street is very concerned. no dou the average folks at home who have been cutting back more inclined to hang onto their wallets. they don't know what will happen. thank you congress. thank you mr. president. >> it is charities' season. makes us feel good to give. that is why there is a concert for storm victims. a bit greedy businesses ted turn
with washington. >> first of all, congressman, you threw out a number there, there are a lot of numbers that can confuse people. you talk about $31 billion. the reality is, over 10 years, based on documents i have seen from republicans, raising the top rates would get you over $400 billion in new revenue. so that is a fact that both sides agree on. >> david, in two months of this new pacific northwe new fiscal year, you have $10 billion in revenue but 16% increase in spending. it is a spending problem. and the president wants to increase taxes to continue the spending. he proposed a plan that put a new spend list in that added more than just the top two rates' worth in the first year. that's the problem with washington. >> and i want to get to the spending and the entitlement question in just a moment, but i want to stay on tax rates for one minute. congressman, there are members of your own party who are saying privately, some publicly, just fold on the tax rates so that conservatives can get a better deal. just this week on "morning joe" on msnbc, here is tom coburn, republican conservative fr
has the latest from washington. >> when congress passes a law, it's basically just a frame work; then federal agencies delegated the authority to write regulations and rules that spell out just how the law will be enforced. before they become time, there's a comment period when the public, employers, companies, anyone impacted can weigh in. back in 1993, president clinton signed an executive order saying agencies should allow a 60 day comment period, but that's not happying with -- happening with four regulations tied to the health care law. one just has 24 days, and final comments due during the holidays. americans for limited government wrote to the department of health and human services asking for an explanation requesting that the comment period be extended. one of the regulations is more than 400 pages long, and regulatory experts say it's nearly impossible for a company to review something of that volume and prepare a formal comment in time. >> because of that, a lot of agencies work in secret. you know, the only people that know about them are large stake holders in indu
. all day long on cnbc, we are here in washington holding lawmakers feet to the fire and finding out if they are doing their part to rise above partisan politics and reach a deal on the fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about
of this worrying going on in washington, d.c. there is no easy answer. as we approach the end of the year, though, how do you think the s&p 500 has performed so far. though surprising results of a new survey on investor sentiment and it turns out perception does not mean reality. melissa: take a look at oil. no decision on who is going to replace the secretary-general as we told you yesterday. i want to show you metals as we go out to break. also rallying. gold is up seven tenths of a percent. we will be right back. ♪ ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch
of a compromise on the fiscal cliff stalemate in washington. eamon javers standing by in a moment with information on a bipartisan letter from lawmakers that's. putting tax hikes and entitlement cuts firmly on the table. >> i'm bill griffeth. let's show you, and the charts tell the day's story, as it usually does. can you get when the president began speaking at business round table and we learned that at least 40 house republicans are breaking ranks to talk about anything, all possibilities as they said in an open letter. right now the dow is up 110, near the highs of the day. 13,062.59. the nasdaq is going the other direction. blame apple and overall technology having a tough day. down 13 points right now on the nasdaq at 2982. the s&p is holding with a gain of about five points. we'll have more on the markets in a moment. first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that lett
are down 11 points on the dow jones. that's hinging on disappointment from washington. the nasdaq is up two and a third point. my partner here on the floor of nyse joins me in the action. 24 hours ago we were sitting here with a triple-digit gain, actually. now, there is disappointment in washington. >> let's just say the markets are digesting all of this news today, that means moving side ways, a fancy word, folks. we are talking like 30 points. that pretty small. and the president sounding alternative sounding con ciliatory and often combative as you hear from john harwood. here is the bottom line. big movers, bank stocks, home moving stocks, that sue just referenced. all basically flat today. if you take a look at the one sector though that is still continuing to have a great day, doing it day after day and that's airline stocks, very positive traffic metrics from airlines in the last few weeks and these stocks have been moving up virtually everyday. there is your market today. this is a quiet day when you see airlines as the market leader. >> true. good point. we will see what happens w
' halftime tirade appropriate? we'll debate that. >> the way politics in washington are today, there will still be slavery. >> that's the shocking claim of aan anonymous top obama advisor. >>> i believe it's safer to go over the fiscal cliff. >> do the democrats secretly want to plunge over the fiscal cliff? we'll examine the growing evidence that indicates this may be obama's secret plan. we'll have much more. hannity starts right here, right now. >> welcome to hannity. there are late breaking developments tonight related to the fiscal cliff battle being waged in washington. now, late this afternoon house speaker john boehner sent a letter to the president detailing a bold counter offer to the administration's plan. the g.o.p. proposal does not include a tax increase on the so-caldwell thee but does contain $800 billion in revenue through tax reform, another $600 billion in health savings and much more. all told, the net savings amount to around 2.2 trillion dollars. the white house responded to this letter by saying that the president is, quote, willing to compromise but not
of congress. washingtons in the rearview see, and everybody else is getting ahead of them. >> right. i say that's like every other day in america whe the rest of the world as head of congress. [laughter] gerri: how is this different? [laughter] >> i think that's right. i think what we're seeing in public is a little bit different from all rehearsing in private. what you're lily to see is republicans agree to some kind of decoupling of the tax rate issue, whether the do it and this proposal that has ben floated thathey vote present and let the president and democrats on the issue or whether they free up -- hether john boehner frieze of members of congress to vote for some kind of a compromise that would include a rise in rates on the wealthy. i don't know what the mechanisms will be, but yu have the negotiations taking place on the one hand, and on the other hand you have negotiations on all the rest of the stuff which is likely to be lumped into some kind of an omnibus bll a sries of bills at the end o the year struck the last minute to bail us out of this issue. likely to include a bunch
to a compromise? we go back to cnbc's eamon javers who joins us from washington with all the details. good evening. >> reporter: good evening, larry. you're right, they did meet today. it was a surprise meeting not announced as the previous meetings between the two men have been in past weeks. so we know that the meeting lasted about 45 minutes and that treasury secretary tim geithner also attended. what we don't know is whether the two men came to any deal or not or advanced the discussions in any way today. what we do know is that up here on capitol hill, senator harry reid, the democratic leader, suggested to his fellow senators that they might consider coming back on december 26th, the day after christmas, to finish up the fiscal cliff which suggests to you that they might be heading down the path toward a deal, although that is not set in stone. meanwhile, over at the white house, the press secretary, jay carney, was asked about where the president stands on the fiscal cliff. and he did his best to give as invasive an answer as possible and keep the negotiating wiggle room open. take a listen
comes out of washington, if anything. of course, mr. boehner has gone back to his home in ohio for the weekend. the president is on duty at the white house. there are phones, as mr. boehner said, in southern ohio where he lives. if there are any developments, the two gentlemen certainly will be able to get in touch with one another. meantime, there are some individual stock stories of interest at this hour. and one of them concerns facebook. be a facebook lockup expires today and 150 million shares will open up on the market. the last time we had a lockup expiration many expected to see the stock drop. instead, it rallied. right now, no, not so much. facebook down about 89 cents so 3% at 2735. but it is up about 25% over the past three months. julia has the details for us from washington. >> tyler, this is the fourth of five lockup expiration periods. today's potential sellers could also sell in ipos. we shouldn't see any pent up demand to sell. facebook shares are dropping today, off about 3 percent percent as you mentioned. a bit of profit taking after the company's massive r
standard, steven haze. welcome. great to have you here. i want to sart with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because thereis no progress to report. when it comes to the fiscal cliff that is turning our economy and jobs, the white hhuse is wasted another week. gerri: what do y say? we wasted another week. we seem to be getting nowhere, and now folks are saying the president is trying to entice us of the fiscal cliff. >> look, i think they're actuly some pretty strong incentives for the president to take the country over the fiscal cliff. if you lo at what the president's stance to gain if the country goes over the fiscal cliff, here are very clear and identifiable things. on the one hand the president could idenfy himself as a tax cutter. he could say -- on january 1st the president in terms of the country and say, now in favor of cutting these taxes that have been raised because we did not solve this before the fiscal cliff. he can turn and say to my want to restore some of t
are watching every move out of washington. the industrials opened higher by 45. the nasdaq would open higher by 10. the s&p 500 would open higher by six. >>> and the fed wrapping up its two-day meeting this afternoon. its latest policy statement is expected at 12:30 eastern. that will be followed by a news conference at 2:15 p.m. the fed is expected to announce a new round of bond purchases as its last program known as operation twist set to expire at the end of the month. we'll have special coverage at cnbc of the decision and ben bernanke's news conference starting at 12:15. we'll talk to steve leaseman live later in the program. >>> another story that you heard about yesterday, the -- you know, violence and death threats and blood and guts. big implications for big labor. that is michigan's decision to become a right-to-work state. thousands of protesters and union members converged on the capitol in lansing yesterday to object to the measure that would bar unions from requiring workers to pay membership dues and to join the union. governor snyder signed the measure into law. >> shouldn't
in the month of november. breaking news from washington. the speaker of the house john boehner. let's listen in. >> the tax hikes that the president campaigned on, that had more stimulus spending then cuts. and indefinite, infinite increase on the debt limit forever. four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there has been no counter offer from the white house. reports indicate that the president has adopted a strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code, the president wants to raise tax rates. even if the president that the tax rate hike that he wanted, understand that we will continue to see trillion dollar deficits for as far as the eye can see. washington has a spending3 problem, not a revenue problem. if the president does not agree with our proposal, i believe he has an obligation to families and small businesses to offer a plan of his own. we are ready and eager to talk to the president about such plan. >> you did speak with the president earlier t
-year, and this, when we used to go and see greenspan down in washington, he said everything else you have on your ticker, i need to see the 10 year. i need to see that every morning. nothing has happened in the ten year for the last -- i don't know. it's just not as interesting as it used to be to watch. when it's manipulated, it's not that interesting. >> one of the things about qe is that it's volatility. and you have seen implied vols down in all asset classes, including bonds. >> because things normally are volatile, that just shows us once again this is not letting things -- letting the chips fall where they may. >> yeah. i think it's baked into the cake. >> but i think he's on to something. the fact that the fed is there, the fact that the fed is trying to get ahead of the fiscal cliff and we've got these big bond buying programs. and the last time, remember, in august of 2011 when we had the last showdown, what happened? bonds rallied. >> and you said you want this to be fixed. you almost need the markets to be more volatile than they are. >> that's one of the theories that people have thr
. leadership void in washington . look who is stepping in to help settle the debate. former governor jeb bush. could it work. >> steve: no police in sight. a mob of protestors tore down a tent with children and elderly people and people with wheelchairs inside. >> two men came in with ski masks and had box cutters. >> steve: that is what happened in michigan a couple of days ago. >> brian: we'll not see commercialism like this anymore? ♪ >> brian: yeah, outlawed because they are just too loud. >> steve: really? >> brian: "fox and friends" starts -- ♪ >> this is the stage manager, ho, ho, ho. happy holidays. you are watching. "fox and friends". >> steve: very nice. >> brian: and joe did not know the news that we found out early this morning. that bralanedwars acquired by the new york jets had a ham string. >> steve: joel is america's biggest jet's fan. >> gretchen: that is insider information. >> brian: he had a bounce in the step. >> gretchen: luckily i know who that is. should we kick off the show with headlines. we now know the identity of the shooter in the mall . he had no history of
. stuart: i won't do it to you. thank you. washington state and colorado bill to legalize marijuana for recreational use, but the feds say not so fast. tommy chong to as the company later this hour. does he think federal agents will intervene? another obama carry current forces chain restaurants to post calorie counts on their menus. that will cost the chain like tom as billions of dollars. the company ceo says, there are 303 million ways serious, 303 million ways to sell a domino's pizza. coming of the way to put calories and a menu for 303 million varieties is a little difficult to read what you make of this? >> news flash, pizza has a lot of calories. you can find this information out on google. anybody who is dying like to try to knows about calories. what did they have to posted in the restaurant? you can easily get that information elsewhere. stuart: why is this requirement in obamacare? what has the killer accountant to do with my health care delivery system? >> this might be an attempt to preventive medicine. stuart: that's your rationale? that's all you have to say? >> a dr
very much. now we move on to your money and the financial peril our nation faces if washington lawmakers don't get it together soon. president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's
, and they are abusing freedom of speech. this stuff has gotta stop. >>> the top story tonight. join us from washington. juan, i think this kind of garbage is completely out of hand. am i overreacting? >> no. in fact, i would say that you're understating the case. let me tell you something. right now the provocators, and i agree with some of the things whitlock said about gun control, but he got in trouble for comments when he made racial comments about jeremy lin, the new york knicks and now houston rockets basketball player who is asian-american. when he he starts to talk about you in these terms, you know, this is in line with ma marginalizing what you had to say which was a totally legitimate comment about the white establishment going into lower numbers because of the rise in terms of blacks and hispanics. now he wants to make you out to be master of some big house. how ridiculous. let me tell you something. if he's asked to be on your show, the most popular show on cable tv, he should have regarded it as an honor and opportunity to have platform to speak out as a free black man. he's somehow twis
" for now. no online show tonight. i'm chris wallace in washington. keep it here on fox where more news is always on the way. >> shepard: this is the "fox report." tonight after years of failed attempts, north korea successfully launchs its first long range missile. and potential new threat to our nation. plus, the shooting at the mall. ♪ >> shepard: a witness says the gunman announced "i am the shooter." and then opened fire. >> i knew at that point we needed to lock up and get over the the back of the store. >> i got up and i started running. >> everyone got up and was tripping over one another. >> the mall packed with thousands of holiday shoppers when it happened. >> he was armed with an ar-15 semi-automatic rifle. we believe he was carrying several fully loaded magazines. >> shepard: even santa had to duck for cover. >> i heard about 18 more shots, i decided semi-automatic, hit the floor. >> i was feeling really scared. >> shepard: tonight, what we learned about the mask-wearing gunman behind the mayhem at the mall. that is first from fox this wednesday night. hours ago investiga
this went down. those are the breaks in washington. >> let me ask you, i know it's a question of trade craft and you're the best at it. so i'm not questioning how you find out things, but this one is tough. there are so many desperate streams of thought and emotion in this white house about this appointment, people who have their own interest, people like the security staff. the people close to the president from chicago. there's aspects of feminism here, aspects of sexism. so many swirling emotions and sentiments. how can you tell me what the president wanted? it seems so hard to get to him not just to people around him with their own agenda? >> i think you're right. there was a split, if you will. it's sort of the cold pragmatists all thought john kerry secretary of state makes sense. he's earned this. he deserves this. this is a good thing. and the foreign policy had to say you know what, secretary of state should be somebody who almost was president. you know? and in the heft of a hillary clinton being replaced by the heft of a person that was a football stadium away from being president
with our xaernt washington correspondents. good morning, john. were you up all night? >> not all night, but we stayed on, of course, until 9:00 after it was clear that the house alternative had collapsed. but, joe, i was listening to your conversation earlier. this is not about the far left and the far right. this is about the republican party not being able to get its act together and figuring out and strategy and pursuing a strategy. >> i watched the press conference yesterday. all the reporterses, all the mainstream media reporters were saying, mr. boehner, why are you going through this exercise? this is an exercise in futility. why are you doing this? why even hold the vote? and then he can't do it and now all of you are going, see, see, you can't even do it. >> but it does raise questions about what this means for -- >> joe, it's not about the mainstream media. it's about the inability of this republican party to face the -- face political reality. the president was re-elected. his positions are much more popular where the country than theirs. they are locked into a caucus in the
world, the business community, everybody around washington is saying, look, guys, make some progress here. neil: what worries me now is when the next hoe drops. democrats, largely 80 congressman did today, following the congressional black caucus and others like schumer said there's no reason to go after entitlements right now. what's to stop republicans from saying, we'routs of here, we're done. >> there is not a lot to stop republicans from saying, nope, then this is not going to work. we are not going to be able to come to a consensus before christmas or before we go off the cliff. a big he want of that was john boehner. he is headed home to ohio for the weekend. obviously, the lines of communication remain open with the white house, but that, to me, is very much a move, a political move, saying, hey, you need to come to the table a little bit more, white house and democrats, if we have any chance of making progress and getting a deal. neil: elizabeth? >> well, i think anyone in the situation woulagree you can't make the perfect the enemy of the good, but agree that no deal at thi
in washington. plus how many people are selling stocks just because they'll take their gains this year. because taxes will be higher next year. >> you're seeing people with if you have a large position in a company, this is probably the right time to take it. if it's a large percentage, 10%, 15%, 20% of your net worth, sell it now. >> and if you're planning to retire in the next three to five years, you're probably better off doing your allocation change thousand than you are saying -- >> this might be awful next year, too. isn't moynihan going to -- if we go over the cliff, it's not going to be a great year for stocks. >> it won't be a great year for hiring. >> left's already started. everybody is hiring temporary workers. they're not buying. they're leasing. you have more up front costs because you're trying to defer any long tirm purchase. but that's been happening now for two months. so you can look at the other way and say if we actually get a resolution, you might have more certainty which we're all looking for and companies saying you can actually make a capital projection as opposed to
are in the holiday spirit. nothing, but goodwill and good feeling today. for example, "the washington post" is celebrating the record number of women elected to the senate. women may help break the gridlock, women are kland here another reason to cheer. gas prices keep falling, more than a penny a day. when you say fill her up, it's $15 less. we're not forgetting obamacare, trillion dollar deficit. no, no, it's the time for family faith and joy and that's what "varney & company" is about. it's friday, december 14th, here we go. joe woods' first day of. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing eay, he'll find some good people to help guide him, nd he'll set mey aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whe
. and our steve leesman is one of the lucky few who gets a question and he joins us now from washington. this is really something that not a lot of people expected, steve. >> i think that's right, tyler. and it is absolutely historic. fed for the first time putting economic targets around its funds rate projections and first of all, the other news was that it did end -- it said it would end to replace that so that brings the monthly purchases of long-term assets to $85 billion. i want to show you some math. the current level of the math call it 2.8 trillion. add a trillion to that, you will be at 3.8 trillion if we do go at this pace for a full year here. the precrisis level is $800 billion. i want it put it another way, tyler. increase the balance sheet from '09 to '12 by a trillion dollars. we will do that in one year. aggressive policy from the fed. unaggressive as tyler mentioned the idea of using economic targets for funds rate. we know they were talking about it. we know there was support. we didn't think the federal reserve had unanimity enough to do this. only jeff lacker from r
out of washington. we've got it for you. >>> and wait until you hear just how dire the situation is in detroit. a third of the people on food stamps? almost half out of the labor force? and yes, they want a federal bailout. we're talking about all of this. and a whole lot more with this company: recovering investment banker. charles payne is here and nicole petallides always on the floor of the new york stock exchange. thursday morning, i will say it again, dead flat for the dow jones industrial average. and we have dead flat, the rate on 30 year mortgages from freddie mac actually it's down a tad, 3.32%. how's that for a 30 year? i've been saying this for weeks now, who would have thought. here's another number for you, the u.s. government spent 172 billion dollars more than it took in, during november alone. that means we're very likely headed for another trillion dollars annual deficit. that would be the fifth straight. the national debt, 16.37 trillion dollars. president obama apparently not concerned. he wants more spending. now, look at this. new poll from fox news, the que
with mark at the cme. we were careen, and the mouthpieces in washington spoke and it fell. something else at work here 1234 >> you know, i think it's a lot of things. i think, you know, is qe ad good thing for the marked? the fed came in strong, but i don't think that's cause for the market. we were testing that level, kind of, i think, a hard tactical barrier. we need a catalyst to breakthrough it. john boehner says something negative -- david: mark, i have to interrupt. we have the numbers from adobe. bringing it to you first. adam going through the numbers. what are they, adam? >> investors happy beating what was expected of revenue on 1 #.5 billion. inviers wonder how they went to charge in the cloud going to impact and looks they are doing well. back to you. >> by the way, we have the after hour numbers for you, and as you can see, says zero. there's a lot of traders who want to trade afterhours, but trades halted. as soon as they are lifted, we'll tell you, mark sebastian with adobe, interesting they hold shares on good news, mark. >> you know, when they know the news is the type of
he live in washington. what do we know about this video? i can't get confirmation from anyone. >> reporter: we're being told there's no independent evidence the syrian regime has used chemical weapons, but over the weekend video uploaded to the weapon claimed to show the use of chemical weapons by the assad government. this fire allegedly producing toxic smoke after tank was unloaded by a syrian jet over rebel-held territory. another video which could not be authenticated claimed to show protective er gear confiscated y opposition forgeses and the syrians continue to issue reassurances they won't use chemical weapons on their own people. >> shepard: it's my understanding the u.s. is about to label one of those groups a terrorist organization. >> reporter: the rebel group is blamed for more than 40 suicide bombings in syria in the last year alone including an attack at the military intelligence headquarters in damascus that killed 55 and injured about 400 in may. the group uses foreign fighters from libya and other north african country. some cut their teeth fighting u.s. and c
thread, gretawire.com, good night from washington. mr. bill o'reilley >> bill: "the o'reilly factor" is on. tonight -- >> the assault weapon is developed for military purposes to kill in close combat. >> bill: as we predicted, semiautomatic weapons are now under fire. pardon the pun. will congress ban them? charles krauthammer and i will discuss it. >> he is not a gun runner and you know. he should be released immediately. >> bill: with seven days until christmas, will the mexican government release marine corporal jon hammer from prison? this is a terrible miscarriage of justice. and president obama should get involved. we'll have the latest from the corporal's parents. >> i know what you're thinking. did he fire six shots or only five? ask yourself one question, do i feel lucky? >> bill: do you recall tradition violent movies and video games incite psychopaths to commit crimes. quentin terrentino and jamie fox are under pressure. we'll tell you what's going on. caution, you are about to enter the no spin zone. "the factor" begins right now. >> bill: hi. i'm bill o'reilly. thanks f
. according to the washington post, the shooter had no social media profile. one former classmate said he had been home schooled for a time before attending the local high school. but, again, the investigation into the shooter is on going and a complete profile may not emerge for days or weeks yet. investigators hope to learn as much as they can by learning of the survivors of the massacre. today, we learned that two adults survived friday's shooting instead of the one that was previously reported. also, contrary to some earlier reports, a state police spokesperson says the shooter had no connection to the school either through his mother or to himself. sandy hook elementary school is closed indefinitely. school officials say it's unclear if the school will ever reopen. moving trucks were seen outside the school this morning. moving furniture and supplies to a vacant school in a neighboring town. in newtown today, the first two funerals for victims, both of them 6-year-old boys, noah pozner and jack pinto. jack was buried in a new york giants football jersey. victor cruz had the boy's name wr
: in washington, d.c., flags are flying at half staff as the country mourns with this small connecticut town that has lost so much. of course, thoughts and prayers of this entire community tonight are with those 26 victims that died here at the school. 20 young children under the age of 10 and also six adults. meanwhile, the investigation here continues. that's the story live in newtown, connecticut. chris pollone, nbc news, back to you. >> many thanks to chris. now to try to talk something sensible about this, we welcome blake zeft to the show, a former obama presidential campaign aide. we welcome back nan hayworth and mark simone. nan, let me begin with you, please. you're a doctor. >> yes. >> i know you're not a mental health doctor. but it has been alleged that he has asperger's syndrome, personality disorders -- nobody knows. does mental health play a huge role in this, from what you know? >> well, i'm the mother of two sons as well. i just can't imagine the scene at that elementary school. and of course the families whose children survived. these children who witnessed this. there's no
-day strike. a major one-day march on washington for jobs and justice. >> sean: the prospectsave civil war, nationwide strike and the death threats leveled at governor rick snyder. one read, i want to shoot governor snyder in his eye. another lists the names of the family members saying, you blank our families, we kill yours. joining me with reaction, good to see you, both. good to see you with us. union violence is not new. we have seen it before. up on violence, we chronicled that. g-8, j-20, all of these summits. you see the radical left. the tea party, they are putting their hands over their hearts, pledging allegiance, singing "god bless america" and cleaning up after themselves. and the media tries to play up things that didn't happen. why is there the double standard and what do you say to the violent people on your sideanism viseen violent people on your side, sean. >> sean: who? >> i remember during the affordable care act legislation, before it was passed, death threat it's. >> sean: where? >> what do you mean? on voice mail of congressional democrats. some of them left being in
, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just re
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